IBJNews

State outpaces nation in job creation; unemployment falls

 IBJ Staff
December 20, 2013
Keywords
Back to TopCommentsE-mailPrintBookmark and Share

Job numbers increased faster in Indiana in November than in any other state, the government reported Friday morning. The unemployment rate also fell 0.2 points, to 7.3 percent.

The state added a seasonally adjusted 25,200 nonfarm jobs—the third-largest figure in the nation—over October. The 0.9-percent increase was fastest in the nation.

"Today’s employment news in Indiana stuns the senses," Ball State University economist Mike Hicks said in an e-mailed statement. "Nearly one out of every eight jobs created nationally were created here in Indiana. The composition of jobs were also strong, with manufacturing, logistics and construction comprising the top three job gaining categories."
 
Leading Indiana’s job gains were trade, transportation and utilities, up 6,800 positions, and construction, up 4,800. Manufacturing added 4,800 jobs and professional and business services—a category that includes temporary jobs—was up 4,700 positions.

The Indiana Department of Workforce Development pointed out that Indiana was responsible for nearly 13 percent of national private-sector job growth in November.

“November was a historic month of job growth in Indiana,” commissioner Scott B. Sanders said in a prepared statement. “It is encouraging that fewer Hoosiers are unemployed than in November of 2008, and the unemployment rate has dropped by more than a percentage point over the past few months. However, we need to keep the ball moving by strengthening Indiana’s pro-growth climate.”

The figures are preliminary, thus subject to adjustment.

Figures for the Indianapolis metro area were not immediately available.

With November’s gains, the state is within striking range of record employment.

The 2,980,300 jobs in November were 38,400 short of the record 3,018,700 set in May 2000.

November also is 12,800 short of the interim peak of 2,993,100 reached in June 2007—months before the Great Recession began.

Indiana’s jobless rate was lower than all surrounding states and 0.2 points above the U.S. average.

"These numbers are two-and-a-half times better than a 'very good' month in job creation," Hicks said. "While these numbers may be revised in coming months, this is once again evidence that Indiana is rebounding far better than the nation as a whole."

 

 


 

ADVERTISEMENT

  • More jobs, less income
    It's interesting that everyone talks about increasing employment figures, but no one seems to spend some time at Stats Indiana or the St Louis Fed's Federal Reserve Economic Data. Maybe some other numbers need to be discussed to temper the exuberance. The employment numbers may be increasing, but the per capita income continues to decrease. More jobs, less money for those jobs.
  • And
    Out of curiosity, I sought out other articles on this report. Seems the IBJ decided to leave out Hicks' expectation that those numbers, regionally, will be revised downward and that other economists have a much more cautious interpretation, specifically concerning Indiana's reliance on tax cuts and manufacturing as growth drivers. So. I guess my theme here is educate yourselves.
  • Seriously
    All of you need to go look at the actual data. The monthly decline in Illinois, Michigan, Kentucky, and Indiana was identical at -0.2% with the total US decline being -0.3%. So, while this might be some kind of record here, it's regional and national, not something special that happened only in our state. Sorry, Dave and Evan.
  • Please
    Agreed w Jim F. For all you Pence/GOP praisers, what's been leading job growth is low-wage service sector job creation, which taxpayers subsidize...so these could be Wal-Mart jobs for all we know. And that's nothing to gloat about.
  • Underlying Cause of Increase Not Clear
    Wow! Most of the commenters are jumping to conclusions about who created these jobs and turning it into a Republican vs Democrat issue. How sad! Truth is, the article offers no analysis of the underlying reasons for the job growth nor does it discuss job losses during the month. I agree that Governors and Presidents don't create jobs but can set a proper tone. Lets see how the final numbers come out along with some analysis of what caused the job increases before we attribute it to political parties.
  • Not Really True
    Governors do not create private sector jobs, but they sign into law enactments of the legislature which make their states attractive to businesses which do create those jobs. Right to work is an example of legislation which has broken an aged union stranglehold and made Indiana more attractive than, say Illinois. Also, by managing the state in a fiscally responsible way, those same businesses see that they can grow in a state that has shy high taxes and is even then buried in debt that it can never repay. Pence is too new to deserve much credit. If a toast is to be made, it goes to the general Assembly and former Governor Daniels.
  • State Outpaces nation
    I think the way this works is that, when there is good news here, it's due to the wonderful Wizard of Ozbama and when there is bad news, its Pence's, Reagan's and GWB's fault!
  • Really?
    No sitting Indiana governor ever created a single private sector job while governor. Wise observers neither blame them when the economy tanks, nor credit them when the economy booms.
  • Hahahahah
    Good one dave :) Democrats will whine how those mean rich Republicans are taking away their rights and hurting the middle class by cutting their taxes......... Wonder why Democrats have basically no power in our state? Republican SuperMajority in the house and senate with a Republican Governor.
  • Wow
    Can't wait to hear the Democrats spin on this. "If we had a better Governor and more favorable legislature we would have created 100% of the jobs in the U.S." Maybe Glenda Ritz can help them craft their respones.

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    Subscribe to IBJ
    1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

    2. Do you need finance to establish your business ? Are you interested in getting a loan at 3% from our private company? If so please Email: suntrust_oil@blumail.org

    3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

    4. Good Day, Apply For A Loan I am Mr Fernadez Antonio, a private Loan lender and a cooperate financial for real estate and any kinds of business financing. I also offer Loans to individuals, Firms and cooperate bodies at 3% interest rate We offer any kind of loans. email us via fernadezloaninvest@outlook.com LOAN APPLICATION FORM First name:......................... Middle name:......................... Last name:........................................ Date of birth (yyyy-mm-dd):....................... Gender:........................................... Marital status:................................... Total Amount Needed............................... Loan Duration.................................... Address:.......................................... City:............................................. State/province:................................... Zip/postal code:.................................. Country:.......................................... Phone:............................................ Fax:.............................................. Mobile/cellular:.................................. Monthly Income.................................... Occupation:....................................... Best Regard, Mr Fernadez Antonio.

    5. i will love to share my testimony to you all the people in world i got married to my husband about 2 year ago we start having problems at home like we stop sleeping on the same bed,fighting about little things he always comes home late at night,drinking too much and sleeping with other women out side i have never love any man in my life except him. he is the father of my child and i don't want to loose him because we have worked so hard together to become what we are and have today .few month ago he now decided to live me and the kid,being a single mother can be hard sometimes and so i have nobody to turn to and i was heart broken.i called my mom and explain every thing to her,my mother told me about DR.okoro how he helped her solve the problem between her and my dad i was surprise about it because they have been without each other for three and a half years and it was like a miracle how they came back to each other. i was directed to DR. okoro on his email:okorospell@gmail.com and explain everything to him,so he promise me not to worry that he will cast a spell and make things come back to how we where so much in love again and that it was another female spirit that was controlling my husband he told me that my problem will be solved within two days if i believe i said OK So he cast a spell for me and after two days my love came back asking me to forgive him i Am so happy now. so that why i decided to share my experience with every body that have such problem contact Dr okoro the great spell caster on his email addresses spellcasterforlove@outlook.com

    ADVERTISEMENT